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Search Results 0 to 14 of about 15 (some duplicates have been removed)
Jan 30, 2013 11:30pm PST
the sfmta, mr. chairman, that is a totaly voluntary agreement so that bart does not have to enter into the agreement the feeder agreement or where the sfmta is getting a payment. it's totally voluntary. * that is in contrast to the fast pass agreement. on page 7 of our report regarding the -- regarding that feeder agreement as shown in table 1 on page 7 of our report, that without the 5% annual cap on the payment increases, the payments would increase approximately 6 percent annually, and would result in a total of $33.3 million in payments in bart through sfmta. that is an increase of about 1.2 million in payments over the term of the proposed feeder agreement with the 5% cap in place. and while we believe that the 5% cap is reasonable, we note that there is currently no floor limiting how much the annual payments by bart and sfmta would decrease over the ten-year term. so, that's why we've made a recommendation regarding that issue. on page 8 of our report, we point out that as shown in table 3, the -- based on the estimated payments for both the proposed fast pass and feeder ag
Jan 30, 2013 12:30pm PST
. so, that is, that is what sfmta would look at going forward should we not reach some other type of reimbursement rate. so, and again, we anticipate taking a renewal of the fare increase program to our board, but as of yet we haven't taken it and they haven't acted on it. >> thank you very much. i was wondering if i could ask mr. rifkin just a follow-up question. and, again, i really appreciate all the work that's gone into this. i think it's great that we are where we are. i just think that, you know, there's some questions that remain. maybe you said this already and i apologize. but for the benefit of people who are here watching, where is the mta's payment with respect to the fast pass agreement? is that coming out of operating budget? >> these are all operating budget item. >> and how much more would -- or last, you know, would the mta be paying annually under the term of this agreement? >> i believe -- is it the fy '12? yeah. on the summary sheet, it's the information we provided, we'd be going on the fast pass from 7-8 to 9-1 for the last fiscal year. from about 2.6 to 2.7
Jan 30, 2013 1:00pm PST
be annual payments from bart to sfmta and then we recommend that you approve that resolution as amended. regarding the fast pass agreement, 12 11 87, we recommend you amend the resolution to impose to reduce the cap from 14 million to 10.5 million for a reduction of 3.5 million. and then i would also point out that we did not recommend approval of that agreement. we say that approval is a policy matter as amended. >> thank you, mr. rose. and a few questions the clerk and city attorney understand that the file has already reflected the revised formula for corrected payment so we do not need to make that amendment ; is that correct? >> that's correct. >> okay. and, mr. rose, just in thinking about this, putting a 5% floor since the contract is based upon a cpi, assuming a 5% deflationary annual number, is that correct? this would be protective of deflation of 5% or more every year? >> that is [speaker not understood] for changes in rider ship. formula includes rider ship. >> thanks, okay. >> colleagues, any questions of the budget legislative analyst? thank you very much. appreciate your
Jan 1, 2013 10:30am PST
a lot of history we have to celebrate. and then finally next saturday -- on this saturday, the sfmta will be joining with supervisor wiener, the supervisor for district 8, along with duboce park community for a ribbon cutting celebrating the completion of the church and duboce project. i've given you updates along the way of the various shut downs that were quite disruptive to that point and really to all of our riders on the west side of town. but we're coming out of this project thanks to the engagement of the community, we have a very good project. people are very pleased with the results from an infrastructure standpoint, much better and smoother, more reliable service. but also from a safety standpoint for pedestrians, cyclists, motorists, and muni riders a maytionv achievement. 11:00 a.m., church and duboce we'll be celebrating with the community the success of that project. and that concludes my report. >> thank you, director rifkin. i want to say on the 28th i hope as many members of the board will be able to join and go in the various divisions. we see it in a monthly basis
Jan 30, 2013 11:00pm PST
. >> i think it was the sfmta [speaker not understood]. i think it was the sfmta's understanding that we would do this one time and then go forward from here it would be based on cpi. so, this agreement would take us to 2014 based on that formula. but i understand, i understand what you're saying. * there. for the feeder agreement, historically it's been based on a different methodology. when it was originally conceived in the mid 1980s, it was based upon the actual number of feeder trips that would [speaker not understood] at that point, multiplied by the net cost per passenger. and that cost per passenger was basically the total amount cost minus the fare revenue that we got. the budget and legislative analysts in their report last year calculated that would be approximately $15 million under that same methodology. in 1989, both parties agreed to -- at that point to transition over to a sales tax based methodology. and one of the issues there was that the sales tax methodology was easier to do because we could not count ridership. we didn't have any way of tracking that ridership elec
Jan 1, 2013 1:00pm PST
that sfmta is doing something, and where this is going to go. and i think that's important that you get a presentation from her in your january 15th meeting about what's happening with that. because we still haven't had any -- the formal discussion about how to deal with that, although the cpuc has taken some action if you read about that. the next issue is the football games coming up. as you know, they're playing miami this weekend at home and they're most likely going to be in one roof game for sure and probably going to host it. and i'm concerned about there should be some -- can be police officers hired to help monitor the taxi service at the ballpark starting late in the third quarter after the game, during the game and after the game in order to make sure that the legal taxis get the fares before rather than the illegal taxis and the vehicleses that are not licensed to pick up just by showing up * without an actual appointment to pick somebody up. and you know the law. so, i urge you to make sure that there's tough, stricter enforcement to help the 49ers in terms of getting bett
Search Results 0 to 14 of about 15 (some duplicates have been removed)